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DefinitionMisfeasance, nonfeasance, and malfeasance are types of failure to discharge public obligations existing by common law, custom, or statute. Malfeasance What is 'Malfeasance'...
Rational Expectations Theory
DefinitionIn economics, "rational expectations" are model-consistent expectations, in that agents inside the model are assumed to "know the model" and on average take the...
Random Walk Theory
DefinitionA random walk is a mathematical object, known as a stochastic or random process, that describes a path that consists of a succession of...
Random Variable What is a 'Random Variable' A random variable is a variable whose value is unknown or a function that assigns...
Passive Activity What is 'Passive Activity' Passive activity is activity in which the taxpayer did not materially participate in during the tax...
Weak Form Efficiency
Weak Form Efficiency What is 'Weak Form Efficiency' Weak form efficiency is one of the three different degrees of efficient market hypothesis...
Weak Longs What is 'Weak Longs' Refers to the group of investors that holds a long position and is quick to exit...
Weak Shorts What is 'Weak Shorts' Traders or investors who hold a short position in a stock or other financial asset who...
Correlation Financial Correlation basically measures the relationship between the changes occurring in two or more variables at the same time. Correlation plays a major...
Joint Return Test
Joint Return Test What is 'Joint Return Test' One of the tests administered by the IRS that potential dependents must pass in...
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